intb3353quiz3

intb3353quiz3 - Convergence refers to Student Response...

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Convergence refers to Student Response Value Correct Answer 1. poorer countries growing more rapidly than rich countries 100% 2. the reunification of formerly divided countries such as East and West Germany 0% 3. an equality between a country’s imports and exports 0% 4. an economy reaching a steady state 0% 5. agreement between economic historians of different political persuasions 0% 2. During the 20th century, convergence occurred most clearly Student Response Value Correct Answer 1. between Africa and Asia 0% 2. between Bangladesh and Western Europe 0% 3. between Japan and South America 0% 4. between India and North America 0% 5. between Japan and US 100% 3. If a country enjoys a higher saving rate, this causes: Student Response Value Correct Answer 1. no change in real GDP 0% 2. higher long run output 100% 3. lower long run output 0% 4. lower tax revenues 0% 4. The observation that poorer nations grow more rapidly than richer ones if they share the same steady state, and more slowly if they don’t, is known as
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intb3353quiz3 - Convergence refers to Student Response...

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